Dover Forest BTO flat launch price could go as high as $700k

OrangeTee says more young people are aspiring to live in mature estates.

The Housing and Development Board (HDB) recently revised its development plans for Dover Forest, which includes the launch of build to order (BTO) flats.

OrangeTee Senior Vice President of Research and Analytics Christine Sun said a 4-room flat in this area could launch for a similar price as the May 2021 Bukit Merah BTO: at $600,000 to $700,000. The Bukit Merah project was heavily subscribed.

HDB resale flats in Dover currently average at a price of $680,000 for 4-room and $780,000 for 5-room, although one of the newer flats hit a price of $1m this year.

“Recent studies have shown that the application rates at mature estates have increased over the years and the trend indicates that many young people aspire to live in mature estates. There could be various reasons such as the need to live near their parents, for the convenience of working downtown or simply because almost all million-dollar flats are located in mature estates, hence some could be hoping to sell their flats at such a high price in the future,” Sun said.

“Young couples who may not have the cash or financial support from their families to buy a resale HDB flat or private condominium in this area would appreciate the opportunity to ballot for a new unit in this area at a subsidised rate,” she added.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

HongKongLand had the most growth for the day.
It surpassed the Bloomberg consensus estimate of 14.5%.
The agreement aims to grow tourism and economic activities as borders reopen. 
It will also enter a loan agreement worth $210.6m.
The acquisition will be fully funded by cash through internal resources.
These countries are Cambodia, the Maldives, Sri Lanka, Thailand, and Turkey.
The decrease was driven by profit declines in their beer and non-alcoholic businesses.
Sources say the state-owned Chinese firm is in talks with advisers about the potential divestment.
The tests start on 29 November.
Exercise CyberMaritime 2021 puts the sector's cybersecurity readiness to the test.
This is equivalent to 236 attackers per company in a year.
Genting Singapore was seen with the most growth.
The partnerships aim to improve care delivery and patient outcomes.